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With just two weeks remaining in the off-season, Major League Baseball teams have spent $2.0 billion on free agents.
The Yankees, who many thought would cut back on their spending this year, led the way with $471 million* committed to nine players. Of those players, $308 million was given to Jacoby Ellsbury (7 years, $153 million) and Masahiro Tanaka (7 years, $155 million).
In all, 105 players have signed major league free agent contracts. The average contract has been two years in length and worth $9.3 million per year (data via MLBTradeRumors.com).
BusinessInsider.com
* This total does not include the $20 million posting fee the Yankees paid for the rights to sign Tanaka.